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Quantitative Risk Manager Jobs in Geneva, IL (NOW HIRING)

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Build desk tooling for pricing, risk management, and opportunity identification. * Manage a ... An undergraduate or an advanced degree in a quantitative field such as computer science ...

Old Mission

Quantitative FX Trader

Chicago, IL · On-site

$150K - $225K/yr

This Quantitative FX Trader will report directly to a managing partner in Chicago. This trader must be able to demonstrate exemplary decision making skills in addition to superior risk management ...

Rothera

Director, Enterprise Risk Management

Chicago, IL

$175K - $200K/yr

The Risk Management structure ensures the safety and soundness of the organization by overseeing ... Advanced degree in quantitative finance, econometrics/computer science, quantitative methods, or ...

Rothera

Director, Enterprise Risk Management

Chicago, IL · On-site

$175K - $200K/yr

The Risk Management structure ensures the safety and soundness of the organization by overseeing ... Advanced degree in quantitative finance, econometrics/computer science, quantitative methods, or ...

US Bank

Quantitative Model Analyst 3 - AML

Chicago, IL · On-site

The individual will partner closely with model owners, Model Risk Management, internal and external ... Basic Qualifications - Bachelor's degree in a quantitative field, and five or more years of ...

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All JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Geneva, IL

Quantitative Risk Manager information

See Geneva, IL salary details

$50.3K

$108.9K

$165.9K

How much do quantitative risk manager jobs pay per year?

As of Jun 28, 2026, the average yearly pay for quantitative risk manager in Geneva, IL is $108,876.00, according to ZipRecruiter salary data. Most workers in this role earn between $87,800.00 and $125,900.00 per year, depending on experience, location, and employer.

Is quantitative risk management in demand?

Quantitative risk management is in high demand across financial services, insurance, and investment firms due to increasing regulatory requirements and the need for sophisticated risk assessment tools. Professionals in this field with skills in data analysis, statistical modeling, and programming are sought after, especially those with certifications like FRM or CFA. The role often involves using software such as Python, R, or MATLAB to develop risk models and monitor financial exposures.

How does a Quantitative Risk Manager typically collaborate with other departments within a financial institution?

Quantitative Risk Managers work closely with teams such as trading, compliance, IT, and senior management to identify, measure, and mitigate financial risks. They often translate complex quantitative models into actionable insights for non-technical stakeholders and facilitate the integration of risk metrics into daily decision-making processes. Collaboration is essential for ensuring that risk assessments align with business objectives and regulatory requirements, often requiring regular cross-functional meetings and clear communication.

What are the key skills and qualifications needed to thrive as a Quantitative Risk Manager, and why are they important?

To thrive as a Quantitative Risk Manager, you need strong analytical abilities, a deep understanding of statistics and financial mathematics, and typically an advanced degree in finance, mathematics, or a related field. Proficiency in programming languages like Python or R, experience with risk modeling software, and certifications such as FRM or CFA are highly valuable. Exceptional problem-solving, communication, and collaboration skills help you convey complex risk metrics to stakeholders and work effectively in cross-functional teams. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making in dynamic financial environments.

What is the salary of quant Risk Manager?

The salary of a Quantitative Risk Manager typically ranges from $100,000 to $200,000 annually, depending on experience, location, and the size of the organization. Senior roles or those in major financial hubs can earn higher compensation, often including bonuses and performance incentives.

How much do quant risk managers make?

Quantitative risk managers typically earn a median salary ranging from $100,000 to $150,000 annually, with experienced professionals in major financial centers earning over $200,000. Compensation often includes bonuses and depends on factors such as experience, education, certifications, and the complexity of the risk models managed.

What is a quantitative Risk Manager?

A quantitative risk manager is a professional who uses mathematical models, statistical analysis, and programming skills to identify, assess, and mitigate financial risks within an organization. They often work with tools like Excel, R, or Python and require strong knowledge of finance, mathematics, and risk management frameworks. Their goal is to help firms make data-driven decisions to minimize potential losses and ensure regulatory compliance.

What is the difference between Quantitative Risk Manager vs Quantitative Analyst?

AspectQuantitative Risk ManagerQuantitative Analyst
Primary FocusAssessing and managing risk exposure across financial portfoliosDeveloping models and algorithms for investment strategies
Required CredentialsAdvanced degrees in finance, mathematics, or related fields; certifications like FRM or CFADegrees in finance, mathematics, or statistics; often pursuing CFA or similar
Work EnvironmentFinancial institutions, risk management departmentsInvestment firms, hedge funds, banks
Key SkillsRisk assessment, regulatory knowledge, quantitative modelingData analysis, programming, financial modeling

While both roles involve quantitative skills and financial knowledge, Quantitative Risk Managers focus on identifying and mitigating risks within organizations, whereas Quantitative Analysts primarily develop models to inform investment decisions. Understanding these differences helps professionals choose the right career path or job search focus.

What are popular job titles related to Quantitative Risk Manager jobs in Geneva, IL? For Quantitative Risk Manager jobs in Geneva, IL, the most frequently searched job titles are:
What cities near Geneva, IL are hiring for Quantitative Risk Manager jobs? Cities near Geneva, IL with the most Quantitative Risk Manager job openings:
Quantitative Risk Manager jobs near you
Junior Quantitative Trader

Junior Quantitative Trader

TransMarket Group

Chicago, IL

Full-time

Posted 7 days ago

Job description

Who We Are

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. At TransMarket Group, you will be called on to work with teammates to eliminate inefficiencies and manage risk in the world's financial markets.

As a Junior Trader, you will gain early exposure to real time trading in order to develop situational awareness and a deep understanding of the market. In collaboration with Senior Traders and development through our formalized education program, you will have the scope to utilize risk management and strategic thinking skills to guide trades and explore new trading opportunities. The ideal candidate is intellectually curious, strives for continual improvement, has a disciplined appetite for risk, and is dedicated to mastering their market.

Responsibilities

  • Partner with Senior Traders to assist in and learn all facets of trading
  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Manage real-time execution of semi-automated trading system
  • Learn and analyze real-time trades
  • Research and improve upon trading strategies

Requirements

  • Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as, but not limited to, mathematics, statistics or mathematical finance with a graduation date between December 2026 and Spring 2027
  • Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability or Advanced Statistics
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Proficiency in Python required and some experience with C++ and other computer programming languages preferred
  • Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • Deep understanding of finance, math, and statistics
  • Attention to detail and the ability to make sound judgments under pressure
  • Strong work ethic and willingness to do what it takes to get the job done
  • Ability to work in a fast paced and collaborative environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to help prepare for the interview process.

Benefits

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.